US online stockbroker beats UK counterpart (2005-12-11)
WatchMouse report favourable on availability US stockbroker sites
UTRECHT, NL, 20051206 -- The websites of US online stockbrokers have an excellent availability record. This was one of the findings in a research by WatchMouse, a company providing monitoring services for websites and e-commerce applications worldwide. Of the 29 US websites that were covered by the research, 18 have an uptime percentage of 99.9% or better, and as many as 10 of these reached the perfect 100% mark.
This makes the US online brokers perform significantly better than their UK counterparts: at a similar research in the UK, just one out of 16 websites researched is available continuously, and five are listed at 99.9%. An uptime level of 99.9% is generally seen as the minimum acceptable level and is often quoted in service level agreements (SLAs) with hosting providers or in-house IT departments.
With a growing percentage of the stock market taking place on the Internet, it becomes ever more important to always be available, with the fastest possible response time. Mark Pors, CTO at WatchMouse claims: "Even more than shopping sites, stockbroker sites cannot afford to be unavailable- the stock business is an always-on business"
In order to determine the extent to which the online stockbrokers achieve satisfactory availability, WatchMouse monitored the websites during the official trading hours of the New York (NYSE) and London stock exchange respectively. During a period of two months, October through November, every five minutes, one of WatchMouse’s monitoring stations accessed the customer login page of the website, which was then expected to download within 8 seconds, without any errors.
The differences are remarkable: US brokers have- almost without exception- a very high availability. Ameritrade Plus, Bank One, Charles Schwab, Cititrade, Merrill Lynch, Morgan Stanley, Quick and Reilly, Tradingdirect, USAA, and Wellsfargo, were all continuously available throughout the research period. Another eight sites displayed a 99.9% uptime. Not one of the US brokers reported an uptime below the 99% mark. Still, AB Watley Direct, last on the list at 99.04%, adds up to a 1 hours and 20 minutes downtime per month during trading hours.
In the UK the results are far worse. Only Alliance-Leicester maintained the 100% availability, and five others are at 99.9% or up. Two of the 16 UK brokers were even tagged with a "poor availability". Stocktrade is difficult to reach almost two hours per month and Fasttrade a whopping five hours, both during trading hours.
Still, the online stockbrokers have a significantly higher uptime average than other sectors, such as e-shops, government, and news media. WatchMouse reports on these sectors on a regular basis with their 'availability index'.
Online trading trouble
Mark Pors, emphasises the importance of a high uptime for online stockbrokers: "With online securities transactions, the site should be very responsive. After hitting the 'confirm button', you should never have to question whether the order was placed correctly or not. Online brokers understand the importance of being online, and having a fast response time during trading hours."
A complete overview of the monitoring results of the WatchMouse Site Availability Index, listing the US and UK online brokers, can be found on http://www.watchmouse.com/availabilityindex/2005/uk-us-brokers.php
About WatchMouse
Companies can easily monitor their own Internet sites using WatchMouse's monitoring service. WatchMouse has been monitoring Internet sites and e-commerce applications for companies throughout the world since 2002. WatchMouse has thousands of customers in more than 70 countries. The services supplied by WatchMouse are available in eight languages, and analyses are performed from various locations and over numerous networks, using a world-wide monitoring network.
WatchMouse was voted a Deloitte Rising Star in the Netherlands, as part of the 2005 Fast 50 awards; the list of the 50 fastest growing technology companies.
Further information can be found at: www.watchmouse.com
Why do you need a monitoring service such as Watchmouse? (2005-01-31)
There are a
number of reasons for this, depending on your role in your
organization, and what you want to achieve. Each of these roles leads
to a different approach for using and setting up the
service.
Most likely you are either responsible for keeping a
service such as a website online, or you have contracted somebody
else to do that for you. Additionally, you could be a consultant or
technical architect who wants to get an insight in performance and
uptime characteristics of various solutions and services.
If your
role is to keep things running, you really want to be notified of
problems as soon as possible, before your customers or supervisors
notice. You want appropriate error messages and not too many false
alarms. As you configure Watchmouse you probably want to have a quick
alert by e-mail or SMS/text message when things don't work and have additional
diagnostic information available. In this way, downtime can be kept
to a minimum. It is not only the quality of the systems that counts,
but also the speed with which you can fix problems.
Your role
could also be in overseeing your service providers, whether they are
internal or outsourced. In that case, you don't want to be
interrupted by these messages, unless the situation becomes dramatic.
Instead you would like to look at the weekly report, and see if your
service providers are living up to their promises. On the Internet it
is easy to get 99% uptime, and you should really be doing better than
that. The services that regularly fail to make this grade need
attention, to see if another approach to provisioning them works
better.
If you are considering technical alternatives for the way
you are setting up your e-business, you are most likely interested in
typical failure modes. For example, we know from experience that
most website problems are software problems, followed by sizing
problems. Communications problems are fairly rare, and if they occur
they take the form of peering problems: websites cannot be reached
from specific networks, even if all networks are operational. One
approach using Watchmouse reports is to check various aspects with
different rules. Use one rule to download the homepage, another to
check the DNS and a third to check connectivity to the hosting
centre. In a next column I'll go into the details of this.
Peter van
Eijk is a management consultant specialized in management of
network infrastructures. He can be reached via his
contact page.
